Rakuten Bank (5838) investor relations material

Executive summary

• Achieved record-high profits in FY2025, with ordinary income rising 38.4% YoY to ¥255,579 million and ordinary profit up 44.1% to ¥103,091 million, surpassing revised forecasts despite aggressive investments in customer base expansion.

• Number of accounts exceeded 18 million as of March 2026, maintaining strong growth momentum and solidifying position as Japan's No. 1 digital bank.

• Deposit balances grew steadily, reaching ¥12,964,475 million, supported by ordinary deposits for daily use and increased assets under management.

• Major product launches included reverse mortgage, securities-backed loans, and expanded preferential interest programs.

Financial highlights

• Interest income increased by ¥69,459 million YoY to ¥197,643 million, mainly due to higher assets under management and BOJ rate hikes.

• Fees and commissions rose by ¥3,110 million to ¥49,455 million, reflecting increased account usage.

• Ordinary profit: ¥103,091 million (+44.1% YoY, consolidated); net income: ¥73,072 million (+43.9% YoY, consolidated).

• Total deposit balance: ¥12,964,475 million (+12.9% YoY, non-consolidated).

• Capital adequacy ratio: 10.74% (+0.13pts YoY, consolidated).

Outlook and guidance

• FY2026 forecast: ordinary income ¥314,669 million (+23.1% YoY), ordinary profit ¥115,622 million (+12.1% YoY), net income ¥81,325 million (+11.2% YoY).

• Forecast assumes a 0.75% Bank of Japan policy rate, with no further rate hikes.

• No dividends are forecast for FY2027.

• Continued focus on expanding main accounts and leveraging synergies within the Rakuten Ecosystem.